Fannie Mae Reviews

Updated October 22, 2014
Updated October 22, 2014
457 Reviews
3.3
457 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
113 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 75 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market (in 40 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 reviews)

  • work/life balance varies from dept to dept, manager to manager (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good Company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae as a contractor (less than an year)

    Pros

    Great energetic young team to work for. Nice work environment with understanding people. Good Work life balance.

    Cons

    Work can be confusing at times, and sometimes the company differentiates between Contractors and regular employees.

    Recommends
    Positive Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    Was one of the top job places in DC Metro .. not anymore ..

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager in Washington, DC
    Current Employee - Senior Manager in Washington, DC

    I have been working at Fannie Mae full-time (more than 10 years)

    Pros

    Still a place where you can find talent and it still attracts talent. Good people to work with.

    Cons

    Senior management mostly ex-Wall Street with different values and for most part demonstrate lack of commitment. They also prefer external Wall Street talent rather than local talent for promotion opportunities - so not much career growth opportunity for those within. IT has been recently outsourced to external vendor and this has hurt the firm and unless they address will continue to hurt the firm more over the next few years - not sure how they will execute on the many ambitious initiatives in-flight with less than mediocre IT.

    Advice to ManagementAdvice

    1. Look for talent - wherever you find it.
    2. Stop wasting money on external consultants to get a pretty powerpoint that had all the info you already knew in it.
    3. Fix IT - stop covering up the mistakes done here. Do the right thing - whether it means replacing the vendor or insourcing.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Senior Software Engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Developer in Herndon, VA
    Former Employee - Senior Developer in Herndon, VA

    I worked at Fannie Mae full-time (more than an year)

    Pros

    Great technological opportunities, great benefits, money at the top of the industry, great people within the team you are working with.

    Cons

    It is a big organization and when they decide to do something, even if it is bone headed they will go ahead with it and declare it a success. Standing up and saying something gets you labeled "not a team player."

    Advice to ManagementAdvice

    This is a top-down organization. Upper management will make decisions, ignoring the advise of lower level technologists. They, upper management, seems to believe that if there is a problem someone "can write a script" or program to get them out of a jam. This can be extremely frustrating. If you can navigate the office politics you will be richly rewarded, if you can't - well - C'est La vie.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Uncertainty

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst III in Dallas, TX
    Former Employee - Business Analyst III in Dallas, TX

    I worked at Fannie Mae full-time (more than 5 years)

    Pros

    Worked with smart people, benefits were good, made friends, learned a lot about the mortgage industry

    Cons

    too much turnover at the management level and above, too much uncertainty surrounding the future of the company, not enough budget for much training, no independence since the company was a GSE.

    Advice to ManagementAdvice

    more training for direct reports, and more honest communication.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Closing Analyst in Dallas, TX
    Current Employee - Closing Analyst in Dallas, TX

    I have been working at Fannie Mae full-time (less than an year)

    Pros

    Solid Leadership, great compensation and culture

    Cons

    Technology out of date, overwhelming volume

    Advice to ManagementAdvice

    Enhance technology to work smarter not harder to allow employees more of a work life balance.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae as a contractor (more than an year)

    Pros

    Good work and life balance

    Cons

    Personal growth not much except good business knwoledge

    Advice to ManagementAdvice

    None

    Recommends
    No opinion of CEO
  8. 1 person found this helpful  

    Excellent place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Asset Manager
    Current Employee - Asset Manager

    I have been working at Fannie Mae full-time (more than an year)

    Pros

    Compensation, benefits, work/life balance, work from home

    Cons

    Management, politics, advancement opportunity, politics

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Good

    Current Employee - Legal in Washington, DC
    Current Employee - Legal in Washington, DC

    I have been working at Fannie Mae full-time (more than 5 years)

    Pros

    Nice people to work with

    Cons

    Can be stagnant at times

    Advice to ManagementAdvice

    Engage the employees more

  10.  

    Great place to work

    Former Employee - Systems Administrator III in Reston, VA
    Former Employee - Systems Administrator III in Reston, VA

    I worked at Fannie Mae full-time (more than 5 years)

    Pros

    State of the art technology
    Smartest minds, Great engineering Team
    Great benefits
    Training oppurtunities

    Cons

    have not seen or observed any...................................................................

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good company over all

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Asset Manager in Irvine, CA
    Former Employee - Asset Manager in Irvine, CA

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    Very good compensation and benefits packages. Good training for opportunity for professional growth.

    Cons

    Incentives/Goals change all the time. Needles surveys. Political environment. Not the brightest of management. Does not encourage input from does not in senior management. Endless surveys that result in no change.

    Advice to ManagementAdvice

    Keep goals consistent. Stop changing goals/incentives as a way to cut payroll, it's demoralizing. Act upon the surveys and make a positive change. Show the employees you care.

    Recommends
    Negative Outlook
    Disapproves of CEO

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